A number of senior officers of the JV are also named by the Sadara Board, they are: Ali A. Abuali, former president of Aramco Services Company, Saudi Aramco, a US-based subsidiary in Houston, US, has been named Chief Executive Officer of Sadara; Luciano Poli, Dow Finance Director for Europe, Middle East & Africa, has been named Chief Financial Officer; Lee Trusty, Dow Joint Manufacturing Program Director for the Sadara project, has been named Vice President for Manufacturing and Engineering. Naser M. Al-Abdulkareem, Commercial Director for Vela International, has been named Vice President, Business & Services; Mohammed T. Al-Sellemi, Director of Human Resources Services Department, Saudi Aramco, has been named Vice President for Industrial Relations.

“Today’s announcements mark another exciting and significant step forward for Sadara as it fulfills its commitment to building and operating a world scale, fully integrated chemicals complex in Jubail Industrial City,” said Andrew Liveris, Dow’s Chairman and Chief Executive Officer.

Saudi Aramco President and Chief Executive Officer Khalid Al-Falih said: “Sadara is poised to become a significant contributor for Saudi Aramco’s transformational downstream growth strategy. I’m pleased to see that this game-changing enterprise has now become a reality. I am confident that Sadara will be a success story for many generations to come, and this unique partnership will help foster downstream industries and support industrial diversification that add significant value to the Kingdom’s hydrocarbon resources.”

Once complete, the JV complex now being built in Jubail will be one of the world’s largest integrated chemical facilities, and the largest ever built in a single phase. First production units are expected to come on line in the second half of 2015. All units are expected to be up and running in 2016.

Sadara is expected to deliver annual revenues of approximately $10 billion within a few years of operation. The JV and related investments are expected to generate thousands of direct and indirect employment opportunities. For the JV alone, by the end of 2011, Dow and Saudi Aramco are aiming to recruit hundreds of Saudi nationals for the first batch of technical trainees for competitive and unique manufacturing and engineering training programs.